After some research I have found Hair salons, massage places, coffee places, laundry mats, dry cleaners ( High profit from what I heard ), coin laundry's, car washes, and newly maybe subway's.My plan was to buy an existing established business based on revenue.

Cherry pits can also get lodged, coins, bones and other stuff. 

he has a advertising / video production co. in Durham?

I own a 12 Unit ($305,000) and currently looking to finance a 14 Unit (rehabbed, more sq ft/unit) at $485,000 (with office/bath, and coin op laundry room).The 3% appreciated offering seems a bit high for the area and I have been using 2% (max) for my own and the 14 Unit.  

It already has a coin op washer and dryer installed.

What if the shoe is on the other foot you have your deal lined up and the buyer is all full of BS and can't perform and you lose your deal how will you feel about being fibbed to..And what about sellers who make plans based on your contract to purchase.I would love to sell these folks that wholesale come up with some ethics here and some full disclosure so we protect the innocent.Just a question and if you guys think this is perfectly fine to do then well I guess that's your call and your morals and conscience   so that's one side of the coin ...

2nd thing: There is something that has been coined as W4 Magic.

Say you have coin operated washer/dryers in your building.

Currently there are 68.If we look at the other side of the coin, a US resident who pays tax to a foreing country for an investment there (I have an American client who owns several apartment buildings in Israel) reports income in the foreign country and then takes a foreign tax credit (Form 1116) on his US.

Again, I understand you couldn't personally be involved in the PM Co in any way.